The International Financial Reporting Standards (IFRS), which several large companies in India will need to follow from April 1, will be flexible enough to suit Indian companies, the Union Minister for Corporate Affairs, Mr Salman Khurshid, has said.
A credit rating estimates the credit worthiness of an individual, corporation, or even a country. It is an evaluation made by credit bureaus of a borrower’s overall credit history. A credit rating is also known as an evaluation of a potential borrower’s ability to repay debt, prepared by a credit bureau at the request of the lender. Credit ratings are calculated from financial history and current assets & liabilities. A credit rating tells a lender or investor the probability of the subject being able to pay back a loan.
At the outset, we may note that although in view of the orders passed by the Committee on disputes, advising the Revenue not to file appeals against Tribunal’s orders, we find some substance in the objection of learned counsel for the Assessee about the maintainability of Revenue’s appeals before the High Court but as we have heard learned counsel for the parties on merits of the appeals, at this stage, we do not propose to go into this question. We also reject at the threshol
In this context we notice that the decision of the Supreme Court in TARA AGENCIES’ case abovereferred was on assessee’s entitlement for weighted deduction on export market development allowance provided under Section 35B(1A) of the Act which is no longer in the statute. In our view, the scheme of deduction of export market developmen
Notification No. 44/2010-Service Tax, dated 20-7-2010. In exercise of the powers conferred by sub-section (1) of Section 71 of the Finance Act, 1994 (32 of 1994), the Central Board of Excise and Customs, makes the following amendment in the Service Tax Return Preparer Scheme, 2009, namely
S.O It is hereby notified for general information that the organization MEPCO Schlenk Engineering College, Sivakasi, Tamil nadu has been approved by the Central Government for the purpose of clause (ii) of sub-section ( I) section 35 of the Income-tax Act. 1961 (said Act), read with Rules SC and sE of the Income-tax Rules, 1962 (said Rules), from Assessment Year 2010-2011 onwards
Notification No. 58/2010-Income Tax S.O. It is hereby notified for general information that the organization Astra Zeneca Research Foundation India, Bangalore has been approved by the Central Government for the purpose of clause (ii) of sub-section ( 1) of section 35 of the Income-tax Act 1961 (said Act), read with Rules 5C and 5E of the Income-lax Rules, 1962 (said Rules), for the period 1.4.2003 to 31.3.2006 in the category
The toppers of Chartered Accountants Final (existing) Examinations held in May, 2010 are from district Nagaur (Rajasthan), Kolkata and Ahmedabad.The details of the top three rank holders on all India basis for Chartered Accountants Final(existing course) along with the marks secured by them are mentioned at Annexure-A. The pass percentage of students in Final (existing course) is placed at Annexure-E.
The Corporate Sector has reason to celebrate the launch of two Schemes by the Ministry of Corporate Affairs in the last week of May 2010. The Company Law Settlement Scheme (CLSS) 2010 is intended for those companies who desire to continue after clearing their track record. Whereas, Easy Exit Scheme (EES) 2010 is intended for those companies who desire to exit at no cost.
Unlike Wangdu aka Aamir Khan, Shailesh did not impersonate anyone to pursue his love for studies, but does have the same background. Living in a 12×25 room in a slum in Limbayat with a family of five, he has successfully stepped in the world of chartered accountants. He cleared his CA final exams with 220 and 210 marks in both the groups and ultimately plans to set up his own consultancy firm.
